Long Engineers India for Target of 109 - 127 - 200

Engineers India gave a perfect Triangle breakout on monthly chart.

82.5 is a first resistance once sustains above this then stock will go for target of 109.25
In few years can reach a target of 200+ if it shows improved earnings
Stop loss should be base of triangle pattern on closing basis.

Comment:

The breakout trade will be confirmed by end of this month. Then go Long

Trade active:

Trade active and go Long
Stop Loss - 68.20 on closing basis (Monthly)
Buying Range Rs. 72 to 83

Comment:

some of the targets marked on chart is completed. Now waiting for 200 to be breached

Comment:

Important resistance taken out today 200 is coming and if the lifetime high is broken and sustained then aim for the sky

Comment:

Don't sell due to weak market. Hold it and money will come. All targets will come.
Problem with retail investors is fear and pre-mature exit.

Comment:

will go through some retracements before achieving the final targets. Hold

Comment:

Final target still intact

Trade closed: target reached:

All three targets reached. Took more than a year but more than doubled the money.